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Sherri decided she needed to know more about the "business" of small business, so a...

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Accounting

Sherri decided she needed to know more about the "business" of small business, so a friend of a friend put her in touch with Jonnie who runs a cake making business. Jonnie started small working out of her home and has since expanded. During the first year, Jonnie charged $25.00 per tote and had variable cost per tote of $14.00. The only other costs that first year was $1,400 a year for rental of equipment. Requireq: If Jonnie's target (and actual) first year income was a modest $4,100, how many totes did she make and sell that first year?

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